Insurance Insights

Small business owners across the country may be quite worried about their companies’ preparedness when it comes to both preventing a data breach and dealing with the fallout of such an instance when and if they do happen. But one thing that they really might not have much protection against is when a disgruntled employee who has access to critical, sensitive data ends up trying to steal it. This was recently the case for a group of three hospitals on the East Coast.

Data breaches are increasing concerns for businesses of all sizes today. Taking action and planning ahead can not only help to prevent some data breaches, but it can also make dealing with others as they happen.

President Barack Obama recently made the decision to start normalizing U.S. relations with Cuba, and that move is likely to have a huge impact on both countries. This could even trickle down to small businesses based in the U.S., which will now potentially have a new market into which they might be able to expand.

It’s not always easy to identify counterfeit goods. They come in many shapes and sizes impacting nearly every industry known to man. However, as a small business owner, it’s imperative, that you make every effort to identify these items before presenting them to your customers lest you find yourself faced with legal and civil ramifications. These are the things you should do to in order to reduce your risks of purchasing counterfeit merchandise for your business.

In years past, small business owners have been able to buy high-cost equipment their companies needed with the understanding that they would be able to write off those expenses at the end of the year. And after much uncertainty, it seems that this allowance – and a raft of others – passed in the 11th hour last week.

Small business owners don’t have a shortage of challenges to deal with. It’s tough getting started and carving out your little niche in the great big world of business today. The Internet adds new dimensions to the challenge that haven’t existed in the days of business past. One of those challenges is the constant threat of malicious hacking, viruses, and malware.

These days, small business owners have a wide variety of things to worry about, and consider many factors in the course of making everyday decisions. However, one thing entrepreneurs often need to tweak is what they charge customers or clients for their goods and services.

Many small business owners know full well that there are many complications that can crop up over the course of a year and can have major implications for their companies if they’re not addressed as soon as possible. For this reason, the ability of an entrepreneur to spot potential issues coming down the tracks from a long way out can be extremely valuable.

In the world of business, risks are many things. Edgy. Smart. Terrifying. Necessary. Without risks, without breaking free of your comfort zone and trying new things, your business has little room for growth. That leaves stagnation or decline on the table and no one wants that.

Every year, policymakers in Washington have a huge impact on small businesses across the country for a number of reasons, and that certainly held true this year. However, some of these issues were more important than others.